The International Effects of the UMP Implemented by the Federal Reserve
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Introduction
This is a friendly (updated) version of my undergraduate thesis. In this project, I estimate a traditional VAR with exogenous variables to investigate the international effects of the implementation of unconventional monerary policy tools on the Mexican Economy, namely the Forward Guidance and the Quantitative Easing. You can see the python code in this Jupyter Notebook.
What is an Unconvetional Monetary Policy
Something super interesting. Forward Guidance and Quantitative Easing.
How Can We Measure these Effects?
The Wu-Xia shadow short rate.
Data
The Mexican Economy: Endogenous Variables
The US Economy: Exogenous Variables
Econometric Model
Insert some cool econometrics.
Make it Bayesian!
Results
Insert badass impulse-response functions and interesting discussion.
Conclusions
Yes, yes, yes. Conclusions.
Appendix
Model testing
Structural Breaks?
Markov Switching